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Nov 2, 2012
11/12
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the road to recovery from sandy a little bit bumpy. power is slowly returning for some, but other areas could be dark for at least another week. and the gas lines, if you're not in the area, you have noed idea what this can really be like. and as the map world turns, apple stores around the country will start to sell the new ipad mini. it's friday, november 2 pd. we have four days now until election day, 2012. "squawk box" begins right now.. we have four days now until election day, 2012. "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. i' b
the road to recovery from sandy a little bit bumpy. power is slowly returning for some, but other areas could be dark for at least another week. and the gas lines, if you're not in the area, you have noed idea what this can really be like. and as the map world turns, apple stores around the country will start to sell the new ipad mini. it's friday, november 2 pd. we have four days now until election day, 2012. "squawk box" begins right now.. we have four days now until election day,...
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Nov 5, 2012
11/12
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we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open after the big reversal on friday. both the dow and nasdaq finished last week in the red. it's money, november 5th, 2012. and "squawk box" begins right flou.
we hope you have a profitable day. >>> the aftermath of sandy. a week later, millions are still without power in the northeast. long gas lines remain, although they are easing. and government leaders are warning of a housing crisis for those displaced by the storm damage. and after months of campaigning, we're now less than 24 hours until election day. barack obama and mitt romney are in a mad dash seeking every vote. as for the markets, u.s. equity futures are pointing to a lower open...
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Nov 9, 2012
11/12
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and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super storm sandy. new jersey and new york have been particularly hard hit by the storm. lead to go knock-on effects in neighboring states including massachusetts, connecticut, and rhode island. and also furthering the you power outages that have plagued the area now for several weeks. >> and from today, drivers in new york city have to check their number plates before they pump gas. the mayor says based on license plates ending in odd or even numbers, drivers will be allowed to fill their tanks on alternative days. three quarters of gas stations remain closed due to super stor
and allianz says it's not feeling the impact of sandy yet. the insurer reiterates its 2012 targets. >>> priceline has agreed to buy rival kayak for $1.8 billion in cash and stock. the deal comes just months after kayak had it own initial public offering. $40 a share in cash and stock, 29% premium to thursday's closing price and 54% in kayak's listing price. >> winter storm in the u.s. has dumped over a foot of snow over parts of the northeast that were just hammered by super...
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Nov 5, 2012
11/12
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sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce springsteen in ohio. jay-z in wisconsin rather. mitt romney is going to new hampshire. twice to virginia. you look at the polls and they are extremely tight. our last nbc news/wall street journal poll shows 48% for obama. 47% for mitt romney. that's as tight as you can be. well within the margin of error. either candidate can win the popular vote. you look at the battleground states and that's where president obama held an advantage. look at final three polls for nbc and the wall street journal. first of all in virginia.
sandy's aftermath. we continue to track the latest kwomts as the east coast tries to pick up the pieces after the superstorm. we are trading the big movers with stephanie link, joe teranova and downtown josh brown. let's get to the election. the two candidates are entering the home stretch. john harwood has the latest from both camps. >> the candidates are racing through the battleground states. the organizations are working to turn out voters. the president will be appearing with bruce...
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Nov 6, 2012
11/12
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we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years. there's an 80-day window of which 30 really matter. if you don't get those, you have to sell these stocks. you need thanksgiving to christmas. >> all right. we'll see you tonight. >> thank you. >> of course coverage begins from 5:00 to 7:00 -- >> i have the air mattress ready. >> when it comes to betting on the election, how should you play gold depending on who wins the presidents whycy? we'll talk to randi zuckerberg, the sister of mark zuckerberg. her tv show premiered on bravo last night. we'll talk to her about that too when we come back. nobody said an all-in-one had to be bulky. or that you
we'll see the impact of sandy. >> i think sandy is going to confuse everything. they lost a warehouse for a while. i think the stock has been completely bloody. good for a trade. >> goldman's take is data will be so noisy over the next few weeks that you might start to rely on softer numbers like consumer confidence or things that aren't as rigid as retail sales. >> i think that one of the things that matters is people forget that my father has been in retail for years....
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Nov 1, 2012
11/12
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hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye of hurricane sandy hit the jersey shore hard washing away whole economies in just a short 48-hour period. kayla? >> reporter: well, melissa, tom's river is just across the bay from seaside heights and suffered similar devastation during sandy, you see some of these polls on the docks here on tom's river on the bay. water was higher than that during the storm and a back porch actually detached with a jet ski tied to it and is close to where we're shooting right now. we went through the town and talked to some of the neig
hurricane sandy. we'll be back in a minute. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >>> the eye...
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Nov 13, 2012
11/12
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impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little
impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next...
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Nov 5, 2012
11/12
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we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's get a quick check on the markets, ahead, 24 hours away from the elections here dow jones looks like it would open 34 points lower, s&p 500 off a little over four points and the nasdaq would be off about ten points. let's take a trip overseas to see what's going on in asia, a little bit down marginally except for korea. let's go over to europe, see how things are faring, red arrow across the board. almost down a percent in the cac in france. >>> stifel financial is buying kbw, the deal is valued in ex-et of $575 million which i
we also have an update on sandy. millions in new york and new jersey are still without power as a result of superstorm sandy. this is creating problems at the gas pump as residents struggle to keep cars and generators fueled. for the first time in 30 years a gas rationing system is in effect now throughout 12 new jersey counties. we'll get an update on the fuel supply problems in a few minutes from john eichberger, director of motor fuels at the national association of convenience stores. let's...
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Nov 13, 2012
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this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at consolidated, it means it's fabulous, doesn't it? >> could it be? >> remember at our conference last summer? july, i had ackman on a panel. articulate. gave a real case. was totally behind mr. johnson and his strategy and the stock soared from there over the next couple of months only to collapse over the last few weeks. i don't know. i preferred andrew's piece. 11% versus 89%. what do they have left in cash? a billion dollars? >> about half a billion right now. may go up after the holidays. >> george mcgovern was really behind -- he was behind him 1,000%. i'm sure that ackman is behind johnson 1,
this is a company that's now past the sandy cliff and is going to start benefiting from it. i find cliffs everywhere. and this is a good company that did great. >> i want to hear from you on jcpenney, cramer. he's very good. i thought, you know what? if he's got enough time, maybe it works. i don't know as you're bleeding. >> you have to look at it on a consolidated basis. 89% of it is hideous and terrible. 11% as we learned from andrew ross sorkin today is terrific. if you look at...
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Nov 1, 2012
11/12
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the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was not a hurricane when it hit new york shores. that's a big deal for a lot of home and businesses. >> wow. lot of time there's wind versus flood, they parse the difference. >> wind versus water. >> and some of the hurricane deductibles were 1% to 5% of the value of the home so that's he a big deal and issue. residents in new york city are without power, tensions are starting to run high. residents are struggling to fuel their cars and get to work. scott cohn joins us from lower manhattan. >> reporter: hi, becky. here we are in water street in the financia
the update from superstorm sandy. they always make us say that. >> i think there's confusion as to call it a hurricane or not. when you have the death toll rising like we've seen. >> you don't want to say things like that but the questions are whether it's a hurricane or not and new york the government is pushing back saying -- >> it was three storms or at least two. >> pushing back on the insurers saying you can't take these hurricane, the deductibles because this was...
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Nov 8, 2012
11/12
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there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't make it a standard for everybody, then only a few will go out and do it and it won't help anything. >> sounds like regulation. but then i heard that there was regulation -- >> what's the cost, though? what's the pre-cost wire? >> you're probably less than $10,000 if you include the generator said. so it's not a huge cost, but this is a marginal business. >> we talked to the guy who represents the convenience stores that sell something like 75% or 80% of all the gasoline in this country and he said most of those convenience stores really make pen
there was snow, but nothing like sandy. we'll ask what it means for the energy market and consumers when we return. >>> the east coast got hit by another storm yesterday. while gas lines have eased up from hurricane sandy, motorists are still having trouble getting fuel in the hardest hit as you build a retail station, you could build in the wiring. all in all, while it's an expense, you can build it in to the base of the business if that's a standard for everybody. but if you don't...
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Nov 19, 2012
11/12
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forget about sandy. they've been waiting to signs to see ramp up before they bring in new production facilities. they would like to see housing starts above 1 million before they ramp up production. they are 870,000. we'll get that this week. that will be important to see how numbers are. by the way, i don't expect to see huge impact from housing starts from hurricane sandy this month because they collect data in the first two weeks of october. it's not through the end of october. you'll see it in the november numbers certainly a lot more. that's the important thing. guys, back to you. >> if they had boots on the ground they would know there's not enough supplies. they are still tearing down. when they have to build up, they have to get rid of mold. you'll see remarkable numbers in wall board. i want to be long usg. let's shift bonds in the dollar. go ahead, rick santelli. >> thank you very much, jim. no supply this week although we do have ten-year tips on wednesday. if you look at a two-day chart you c
forget about sandy. they've been waiting to signs to see ramp up before they bring in new production facilities. they would like to see housing starts above 1 million before they ramp up production. they are 870,000. we'll get that this week. that will be important to see how numbers are. by the way, i don't expect to see huge impact from housing starts from hurricane sandy this month because they collect data in the first two weeks of october. it's not through the end of october. you'll see it...
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Nov 12, 2012
11/12
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sandy is has estimated to have cost more than $50 billion in damage. president obama is expected to view the recovery efforts on thursday. lk ahead martin's incoming ceo has resigned after he had a close personal relationship with a subordinate. he will now be replaced by huson who will take on the role of acting president and coo. all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more than 100 venues worldwide including the staple center los angeles. starting next year, customers shopping for tickets on the service will be able to buy or sell them through stub hub, and online ticket resaler. stub hub charges commissions on each sale and the stock in frankfurt down around a third of a percent. >>> and president obama will be doing a lot of talking about the increase this week. he plans to meet with labor and progressive political leaders tomorrow, business executives on which is and civic leaderses on friday. that's also the day the frommed is scheduled t
sandy is has estimated to have cost more than $50 billion in damage. president obama is expected to view the recovery efforts on thursday. lk ahead martin's incoming ceo has resigned after he had a close personal relationship with a subordinate. he will now be replaced by huson who will take on the role of acting president and coo. all three major defense contractors have women at the helm. lockheed martin stock flat. >>> and aeg is teaming up with stub hub. aeg is the owner of more...
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Nov 15, 2012
11/12
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the data is coming in, very noisy about sandy. you've been bullish. has your confidence been buffeted at all? >> i wouldn't say, you know, if we look out longer than a matter of weeks, no, i don't think our confidence has been shaken one bit. i've never been very good at telling you what's going to happen in the next week or two or three weeks so i'll reserve comment on that. i think what people still don't recognize is the fundamentals of the u.s. economy are improving. they are not improving at the rate that we'd like but they are improving. more importantly, we're about the only major economy in the world that you can say that. so i think we're very unique and that's why we're still bullish. >> there's been a lot written about how good the recovery actually has been even though people don't want to talk about it relative to other countries, our debt. i know you look at debt to gdp. not as immediate a danger as some want to make it. there is this notion that it could all be ruined, all of that good news could be doused if, in fact, the fiscal cliff
the data is coming in, very noisy about sandy. you've been bullish. has your confidence been buffeted at all? >> i wouldn't say, you know, if we look out longer than a matter of weeks, no, i don't think our confidence has been shaken one bit. i've never been very good at telling you what's going to happen in the next week or two or three weeks so i'll reserve comment on that. i think what people still don't recognize is the fundamentals of the u.s. economy are improving. they are not...
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Nov 30, 2012
11/12
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and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are trying to make sense of what that means. we when you go through each retailer in the numbers, really the first half -- businesses really slowed. first two weeks. anything we think of, not the hurricane itself. must have been the concern, you know, about the hurricane and people watching tv. people focused on that. also, you know, with the election people focused on that. you know. so the first two weeks are weak. last two weeks seem to come back and be fairly decent. >> so you think that for the holiday shopping season, that the -- better trend will continue? where d
and a lot of companies were saying it was just superstorm sandy. it shut down the stores in some cases or kept consumers at bay. how do you think we will fare to the holidays? >> yesterday was big day for retail. those that roar yesterday, genuinely speaking had poor numbers. we knew it was the hurricane. we knew it would be weak. you know. it was supposed to be adjusted in the expectations. numbers came in way below expectations. some of the stocks got hammered, macy's, kohl's. we are...
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Nov 15, 2012
11/12
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. >> that sandy actually benefited from. >> and sandy actually denounced later on. >> split off the travelers side of that business, because at one point, when they put those together, that was part of. this. >> i would say. this i've talked to people -- city is going to earn close to $4 a share this year. i think four and a half or so next year. i've talked to a few people who think the number by 2015 is going to be anywhere from $8 to $9. so even if you put on a seven or eight multiple, this stock is cheap here so. if you believe this is just a correction here and this is just a pause in a larger bull market, i think that city, for the number of reasons you've just given, is a pretty interesting play. i don't happen to believe that. i think the banks are scary here. >> fiction? >> i'll go fiction. it's too hard to take this apart again. i don't think that anyone could figure out. he doesn't even know how they would split it up. so i'm not sure. i'm sure he has some suggestions, but i think it's sort of just pie in the sky. once you break it up, it doesn't go back. >> a new ceo here, the inc
. >> that sandy actually benefited from. >> and sandy actually denounced later on. >> split off the travelers side of that business, because at one point, when they put those together, that was part of. this. >> i would say. this i've talked to people -- city is going to earn close to $4 a share this year. i think four and a half or so next year. i've talked to a few people who think the number by 2015 is going to be anywhere from $8 to $9. so even if you put on a seven...
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Nov 9, 2012
11/12
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i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy cow! 84.9. 84.9! why a holy cow? because 82.6, the last look we had was the highest since of fall of '07. 84.9 pushes the envelope to -- going back to july of '07 when it was 90.4. but, caution, asterisk. this is a preliminary november read. all the historical comps i'm talking about are the final reads. it doesn't diminish the fact this is powerful. is this reflecting anxieties, post-election on the fiscal cliff? probably not. anybody who doesn't think there's anxieties there, just pull out your s&p chart. we still have wholesale inventories in about five minutes. back to you. >>
i'm going to ask him about sandy. how are the losses of sandy? initially he said things aren't that bad. and about the resurrection of a company that had been left for dead, done by this man, and i think he's a hero of our country. >> army lieutenant in the vietnam war. >> korean. i think he deserves and commands respect. we'll give it to him. and we also have the west point investment club. >> i can't wait for that. let's get to rick and get sentiment numbers. >> holy...
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Nov 9, 2012
11/12
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. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels,
. >>> flight stats reports that more than 20,000 flights were canceled due to sandy. as a result, analysts projecting the storm could knock upwards of $200 million off of airlines bottom lines and that could mean a further dip for the global airline industry as profits are already expected to be down more than 50% year over year. that's according to the international air transport association. for more on business travel new, head to to roadwarrior.cnbc.com. . up. a short word that's a...
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Nov 15, 2012
11/12
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we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will follow, so it's either we are investing as oil companies or we're asking oil companies to invest in the mid stream and to the downstream which is pipelines and terminals, refineries et cetera. i think these will come. clearly the company needs more infrastructure, like light oil or oil shale gas is not in the normal centers like we used to have at the gulf coast, et cetera, so therefore investments in pipelines, gas facilities and therefore also refineries will be very important but normally when the natural resources are there, the investments are coming. let me also
we've also seen some problems along the east coast after sandy. there are a lot of issues along the supply chain that really need to be corrected perhaps before we get to these projections, even if we're able to produce as much oil as the international energy agency is saying, will we have the infrastructure to support it at that time before 2020? >> you're mentioning an important point here. infrastructure is needed. with our experience when you start to produce infrastructure will...
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Nov 21, 2012
11/12
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this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around thanksgiving. and all of the holidays, you see all the rental car companies, for the most part, not completely sold out, but they fill up. and this year because of sandy, they are sold out. one interesting note, an increase in the number of people taking buses and trains this year in part because of what we're seeing with the rental car companies. >> thank you. we'll check in with you later. >> it's good for tires. >> it is good for tires. you like that. >> well, i like pep boys. >> do you have some? >> i bought it. >> do you have music? >> do we have music? that's it, that'
this is the hangover effect from hurricane sandy, superstorm sandy. all of the rental car companies, they're gone. they're spoken for. all of the cars. so as a result, if you or somebody who is making last-minute plans and said, well, i'm going to rent a car. good luck, you're not going to be able to get one in the new york/new jersey area and a good chunk of the northeast. >> look for a car pool. how long is that expected to last, phil? >> well, this is what we usually see around...
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Nov 29, 2012
11/12
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any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt retailers' bottom lines? >> that's the question. this year discounts were so heavy. so is black friday really turning in to red friday. typically it signifies the beginning of when retailers start making money. but you saw that the promotions were crazy. there were televisions at best buy for under $200. that was a 50% discount. walmart was guaranteeing in stock on ipad 2s giving away a $75 gift certificate. so the question is are they just giving away sales here. >> and that will be something to watch when we he get those figures, too, whether it reflects discounting as much as it does v
any sense anecdotally or your sense of store traffic as to what sandy's impact was? >> i think it was a drag for most retailers. we heard from kohl's sax, that it was a drag. also the tiffany flagship store represents about 8% of overall sales. so expect to hear the sandy excuse certainly as same store sales roll out and as well from tiffany. >> especially in a year when you expect the push pushes them into the black for the year, actually all the discounting really starting to hurt...
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Nov 6, 2012
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and hanover beating forecasts saying it will be able to absorb damage claims from sandy without effecting its annual disaster budget. on the currency markets, aussie dollar 1.0423. rba keeping rates steady. dollar-yen slightly weaker, but still above 80. euro-dollar out of the 1.28 range that we've been trading in. that's where we stand on the european trade. on the day of the u.s. elections, let's get over to singapore. >> asian markets finished on a mixed note. the shanghai composite recouped early losses to close down by 0.4%. developers took a beating after data showed housing prices in the small business hub dropped 16% on on year. but shale gas producers surged on a new subsidy program. concerns over money laundering charges with the hsbc. nikkei finished lower as a stronger yen hurt exporters. nissan lost 2% ahead of earnings after morgan stanley slashed its price target. after the bell, the carmaker cut its full year forecasts as sales tumbled in china. the kospi ended higher by 1%. carmakers staged a rebound after yesterday's plunge. hyundai rallied over 4%. kia gained 1.6%.asx 2
and hanover beating forecasts saying it will be able to absorb damage claims from sandy without effecting its annual disaster budget. on the currency markets, aussie dollar 1.0423. rba keeping rates steady. dollar-yen slightly weaker, but still above 80. euro-dollar out of the 1.28 range that we've been trading in. that's where we stand on the european trade. on the day of the u.s. elections, let's get over to singapore. >> asian markets finished on a mixed note. the shanghai composite...
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Nov 6, 2012
11/12
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so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points. s&p 500 futures and nasdaq slightly higher, as well. and it's the same story in europe. we have seen modest gains there through the course of the morning. right now you see that in france, the cac up by about 0.7%. and germany, the dax up by 5.6%. same story with the ftse in london. in asia, the nikkei closed down modestly by about a third of a percentage point. you saw modest declines in honk c congre kong and shanghai. still very long gasoline lines in new jersey and new york where it's very difficult to get any gas at all. you can see right now that wti is up about 49 cents to $86.14. the ten year, interesting to watc
so with have the air mattresses because of sandy and we might as well keep them. >> it will very likely be a long night by just about any count. not expect to go have a proce i projected winner by 7:00 p.m. >> you can take part following our coverage on twitter,@cnbc 2012. >> let's get a check on the markets. yesterday you did see the dow close hire by about 19 points. this morning the futures are indicated higher once again. right now dow futures up by about 43 points....
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Nov 21, 2012
11/12
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this is the carryover effect from superstorm sandy. so many cars were damaged, destroyed during the storm. as a result, rental cars have been tight for some time in the northeastern united states. and that's the case this weekend. a lot of people, believe it or not, guys, they do like to rent a car in order to make the trip of 300 or 400 miles. this year in the northeast, good luck if you don't already have a reservation. carl, back to you. >> phil, the airport where you are looks pretty crowded but orderly. there's one silver lining for people who are traveling and that is, perhaps, airlines are actually running closer to on on time these days. >> reporter: yes. that's because you've seen restricted capacity. fewer flights, it's not as packed and as a result it's easier to keep with the on-time schedule. >> unbelievable, phil. thanks so much. phil at o'hare. i saw a stat today, since '07 i think airlines have taken out 14% of their capacity. >> wow. >> they're running lean and mean. in terms of getting a flight over the holidays, it's
this is the carryover effect from superstorm sandy. so many cars were damaged, destroyed during the storm. as a result, rental cars have been tight for some time in the northeastern united states. and that's the case this weekend. a lot of people, believe it or not, guys, they do like to rent a car in order to make the trip of 300 or 400 miles. this year in the northeast, good luck if you don't already have a reservation. carl, back to you. >> phil, the airport where you are looks pretty...
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Nov 26, 2012
11/12
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. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've stepped up and we're doing everything possible to put their hard earned dollars to work. this has been a massive operati operation. we've served 7.3 million meals and snacks in four weeks. in terms of how it will impact giving we recently did a survey and what we learned is that three out of four people who donated to hurricane sandy will continue to step up during the holiday and donate to their favorite charity and 90% of the people that provided political contributions plan to donate to charities as well which was very heartwarming because i know that everyone in the no
. >> we've been watching what's happened with superstorm sandy. we know the red cross has been one of the organizations that has risen to the forefront of this movement to try and help people. what happened in terms of charitable giving for superstarm sandy? >> my heart goes out to the people affected by superstorm sandy. i have talked to so many people who have lost everything including loved ones and it's just heartbreaking and i also want to thank our generous donors. they've...
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Nov 27, 2012
11/12
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he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars in losses. the lawsuit alleges that hp management concealed the problems and another recent acquisition which we've talked about, electronic data, in an attempt to boost hp stock price. meantime in the "wall street journal," former employees, business partners and attorney attorneys say it's not difficult to conclude that the company autonomy's accounting was overly aggressive, they say such behavior tip filed autonomy long before hp bought it. and mike lynch says the company's culture was aggressive. >> they start off talking about how originally the ceo put up a si
he has unprecedentedly high approval rating. >> after sandy. and he says this is a job he feels leak he needs to continue. >> stanley wants him to stay. some other corporate news involving erickson. it's filed a lawsuit against samsung alleging patent infringement. ericcson says two years to trike a deal were unsuccessful. and an hp shareholder filed a lawsuit alleging the tech company's top executives misled investors about two key acquisitions that have caused billions of dollars...
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Nov 23, 2012
11/12
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however, not entirely surprising with what we've just gone through with sandy and the upcoming winter. home depot shares trading at 12-year highs. lowe's at 5-year highs. google says when it comes to shopping related searches, jcpenney christmas is coming in number one, followed by walmart black friday card and home depro black friday hours. interesting data points coming in from all around the country, online, in store, you name it, we've got it for you. >> very good. courtney reagan, back home in the heartland. say hi to your family for me there. >>> could this end up being a make or break holiday shopping season for best buy? jane wells is at one in california with details on that. jane? >> reporter: hey, bill. the manager here at this best buy won't give us specific numbers but he says sales so far after 10 1/2 hours are "on track." part of best buy's restructuring is something called the renew blue initiative which citigroup says they're trying to emphasize customer experience, improve it in the stores, something they've struggled with. they've reilly tried to pump up employees t
however, not entirely surprising with what we've just gone through with sandy and the upcoming winter. home depot shares trading at 12-year highs. lowe's at 5-year highs. google says when it comes to shopping related searches, jcpenney christmas is coming in number one, followed by walmart black friday card and home depro black friday hours. interesting data points coming in from all around the country, online, in store, you name it, we've got it for you. >> very good. courtney reagan,...
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Nov 27, 2012
11/12
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and demand for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is abnormally large. of course you might argue the abnormal conditions warrant that. never the the less, we'll also look at earnings from adt and green blount continmountain. the greek deal is done. athens will receive its much needed bailout cash. >> our common goal is that greece achieve a credible and sustainable reduction reaching lower than 110% of gdp in 2022. we will consider further measures if necessary to achi e achieve. >> one of the key points, silvia is back with us from brussels. good morning. and there are so many points. which are the most significant? >> well, we knew there was a sort o
and demand for big ticket items is expected to drop 1.2% with some impact potentially from hurricane sandy. case shirl index. home prices expected to raise about 3% in september. and at 10:00, november consumer confidence. analysts expect a reading of 73 can would be up a point from last month. dallas fed president richard fisher and atlanta fed president deny this lockhart are both speaking in berlin. richard fisher expressing concern that the size of the monetary policy easing in the u.s. is...
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Nov 26, 2012
11/12
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there's hurricane sandy. hurricane katrina. you can see it's following a very, very similar pattern there and the expectation is that it will come down again on thursday to 390,000. one more thing i want to look at is gdp during katrina. a slowdown during katrina you can see right there, that's third from the right there. that's the quarter it happened. second from the right is the quarter after and then you can see the pop in the first quarter of '06. drag on growth of commerce and economic activity disrupted followed by a rebound as rebuilding begins in earnest. we're looking for a revised number on gdp but a weaker quarter in the fourth quarter. the overridie inine ining gdp i sandy but the fiscal cliff. >> steve liesman. online retailers stacking up the deal offerings on this cyber-monday. still ahead, ceo of home shopping network gives us a read on traffic that company has been seeing thus far. plus, tyler and cameron winklevoss headed to post 9. we're back in two. [ male announcer ] how do you trade? with scottrader strea
there's hurricane sandy. hurricane katrina. you can see it's following a very, very similar pattern there and the expectation is that it will come down again on thursday to 390,000. one more thing i want to look at is gdp during katrina. a slowdown during katrina you can see right there, that's third from the right there. that's the quarter it happened. second from the right is the quarter after and then you can see the pop in the first quarter of '06. drag on growth of commerce and economic...
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Nov 28, 2012
11/12
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sandy caused an estimated $71 billion in damage in new york and new jersey. in the bakers union at hostess brands is asking a bankruptcy judge to appoint a trustee to oversee the company's liquidation. the union's objecting to allowing current management to be in charge of the wind down. liquidating after being unable to resolve an issue. >>> and power ball fever spreading across the u.s. go out and get the ticket. the jackpot for tonight's drawing is up to a record $500 million. and that payout is likely to grow thanks to a ticket-buying frenzy of which i may be apart of when the show is over. >> i have mine already. got them yesterday. >>> president obama's meeting with high-profile chief executive officers to talk about the country's fiscal issues. john harwood in washington with more. and john, certainly seems like the pressure is rising to maybe reach some sort of a deal. my question, the ceos headed there today, are they firmly in the president's camp on this? or trying to push both sides to reach some agreement? >> i think they're trying to push both s
sandy caused an estimated $71 billion in damage in new york and new jersey. in the bakers union at hostess brands is asking a bankruptcy judge to appoint a trustee to oversee the company's liquidation. the union's objecting to allowing current management to be in charge of the wind down. liquidating after being unable to resolve an issue. >>> and power ball fever spreading across the u.s. go out and get the ticket. the jackpot for tonight's drawing is up to a record $500 million. and...
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Nov 20, 2012
11/12
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economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i have known each other for almost 20 years, go back to university of pennsylvania, but joe and i have been friends for a long time. >> you'with you we'll talk fisc cliff in a second but you want to do a postmortem? >> you can't win without women, and can't win without latinos, you can't win without young people. you can't win on a single issue, and i just think there were a host of challenges. for me, the whole time, the sense that i had was that it was obama's race to lose, that he had the advantage. anybody look at the electoral college would have to say there were seven or eight easy ways for the pres
economists are expecting a 4.2% drop and a report likely impacted by superstorm sandy. fed chairman ben bernanke is talking about the economic recovery today, we hope so. he'll have our lunch time address the economic club of new york and that starts at 12:45 eastern. >> harold ford jr., reasonable and good friend, joe watkins, white house aide to former president george h.w. bush. >> you didn't say he's reasonable. >> joe is right, but harold has potential. >> joe and i...
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Nov 13, 2012
11/12
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due to better housing outlooks and rebuilding after superstorm sandy. lumber liquidators got a downgrade to sell from stifel nicolaus. >> well done, jane, well done. >> melissa, what "wood" you all do about lumber? >> oh, wood. b. b. b.k., what do you say? >> i tell you, i'm going to go against the grain on this one. >> overload. >> you know, lumber liquidators is not the way to play this. i think wire houser works here. lumber is up 26% off the lows. with wire housing you get the lumber play, plus natural resources play, plus get a dividend as well. 2630 where it closed today seems to have decent support around 26. just below 26 i'd set by stop. >> i have to hear about this petraeus movie. >> really? i'm old. >> this is my favorite story. this is hollywood and this petraeus script is writing itself. the saga gets bigger every day. we started casting an inevitable film. notice karen finerman looks like paula broadwell. >> she's got the guns, too. >> she isn't here today. >> gee. >> i'm just -- >> here's the oscar winning version. okay? you saw it before
due to better housing outlooks and rebuilding after superstorm sandy. lumber liquidators got a downgrade to sell from stifel nicolaus. >> well done, jane, well done. >> melissa, what "wood" you all do about lumber? >> oh, wood. b. b. b.k., what do you say? >> i tell you, i'm going to go against the grain on this one. >> overload. >> you know, lumber liquidators is not the way to play this. i think wire houser works here. lumber is up 26% off the...
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Nov 27, 2012
11/12
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deals thanks to manufacturer overruns, canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength. the other guys have been reluctant to do that. speaking of the conference call, company -- now that we're entering gift giving season, as a quarter of ross' merchandise is oriented around the home and recovery means they're selling a lot more furniture. ross stores is a shareholder friendly company. they do have a small dividend, okay? one that yields just 1%. the company's consistently increased that dividend. the stock has overrun it every year for the last 18 years. most recently, 27% boost back in january. beyond that, ross has brought back a huge amount of stocks since 2005. i was astonished to see
deals thanks to manufacturer overruns, canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength....
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Nov 7, 2012
11/12
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that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the larry summers idea. >> jim liked it, too. >> it's not going to happen. >> it's not going to happen. you guys are really bumming me out. >> it's just not. >> i've even let you build a few things. >> the president only won this thing a few hours ago. >> we're going to have net fiscal contraction starting in 2013. that is where we are. >> net fiscal contraction. >> you're with bush in four years? i don't know. let me think about that. >> i'm a bush republican. as long as there's a bush republican running. >> i already threw christie out there. require want to get on the record, on the table, that i disagree with the idea that there c
that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the...
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Nov 12, 2012
11/12
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you see hurricane sandy come across, people want to know why and global warming becomes something we pay attention to again. animal planet and discovery channel put out the big documentaries like "life" and "planet earth" we know that the attention to those types of things get picked up so people fall in love with animals again. >> we have to go but there is a crocodile here. >> oh, wow. >> i got him. >> baby crocodile. whoa. >> don't go near this guy's face. you can come around again, i'll bring him into the light. his teeth are open specifically because he'd like to bite so don't get too close. this is not something you'll see in north america. this is the crocodile, the cousin to the alligator we're sort of used to. my favorite thing about these guys they are so prehistoric. they haven't evolved much in the last 800 years. they sit in the water sort of like this and you can see his nostrils at the top of his head, eyes and just behind his eyes you see the slits, those are his ears. i guy has evolved to sit in the water like this, he's got his webbed feet for swimming and he just w
you see hurricane sandy come across, people want to know why and global warming becomes something we pay attention to again. animal planet and discovery channel put out the big documentaries like "life" and "planet earth" we know that the attention to those types of things get picked up so people fall in love with animals again. >> we have to go but there is a crocodile here. >> oh, wow. >> i got him. >> baby crocodile. whoa. >> don't go near...
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Nov 16, 2012
11/12
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and when we were down shortly after hurricane sandy hit and we were in the delta operations center and we were talking to some of the executives at delta, we said what do you think about the new 787. and they said we'll get them eventually. richard likes to have established airplanes in the fleet. that's not a knock against the 787, it just goes straight to his philosophy which is let's take these older aircraft and, yes, they may be less fuel farkt, but they can get the efficiencies. >> i never like to buy the first version of anything about that. >> if you think of it that way, you're -- we'll buy the brand new jets from china and fly those. aah! >> i want to go back to virgin america for just a second because i fly you and frankly i love you. i fly you to l.a. all the time. but you mostly focused on what are probably the most competitive routes out there. and i wonder just from a business model perspective, do you ever thing now that you should start thinking about different routes, frankly less competitive and may have a bigger margin? >> you go where the money is and there's a rea
and when we were down shortly after hurricane sandy hit and we were in the delta operations center and we were talking to some of the executives at delta, we said what do you think about the new 787. and they said we'll get them eventually. richard likes to have established airplanes in the fleet. that's not a knock against the 787, it just goes straight to his philosophy which is let's take these older aircraft and, yes, they may be less fuel farkt, but they can get the efficiencies. >>...
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Nov 7, 2012
11/12
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i'm a little late because a some lines were down even a week after sandy on one of the turnpikes around here. turnout will be so crucial and even in states that are traditionally reliably blue voting will not be top of mind. >> voter turnout totally critical. let's get to john harwood, he's at the math room right now. -- map room right now. if we were to see lower turnout does that mean a positive for one way or the other? >> generally speaking, maria, people have been expecting a larger turnout would benefit the president. mitt romney and his campaign have been talking about higher levels of intensity and enthusiasm. that's des putted -- disputed by the obama team but that's their belief, they have a high level motivation to get rid of president obama and if that happens bigger turnouts for the. >> the breaking news right now. nbc news has projected west virginia a win for mitt romney. >> and ohio still too close to call at this point. north carolina also a state that is too close to call right now according to nbc news, north carolina a state that obama narrowly won in 2008, 50 to 49.
i'm a little late because a some lines were down even a week after sandy on one of the turnpikes around here. turnout will be so crucial and even in states that are traditionally reliably blue voting will not be top of mind. >> voter turnout totally critical. let's get to john harwood, he's at the math room right now. -- map room right now. if we were to see lower turnout does that mean a positive for one way or the other? >> generally speaking, maria, people have been expecting a...
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Nov 20, 2012
11/12
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poured more than $12 billion into overseas real estate last year and much of that is washing up on the sandy shores of miami. a mansion recently sold for $47 million. the most ever paid for a miami house. the buyer, a russian. brokers say russians are far and away the single largest group buying mega homes priced at $20 million or more. we went mansion shopping about one of the jills, the team that sold the $47 million home. our first stop, a mediterranean style mansion with ten bedrooms, five bathrooms and two docks for your matching yachts. the pool is more like a man mad oig manmade lagoon. the price for all this luxury, $37 million. nest up, a more moderate mansion right on the beach. or take the elevator. this $21 million home has five bedrooms and nine bathrooms to navigate. our buyer didn't close any deals that day, but one wealthy russian may he said up with miami's greatest real estate prize, the versace mansion. the 20,000 square foot sat dough on the south beach strip is on the market for $125 million, which means that miami's new record may be broken soon. >> many brokers at miam
poured more than $12 billion into overseas real estate last year and much of that is washing up on the sandy shores of miami. a mansion recently sold for $47 million. the most ever paid for a miami house. the buyer, a russian. brokers say russians are far and away the single largest group buying mega homes priced at $20 million or more. we went mansion shopping about one of the jills, the team that sold the $47 million home. our first stop, a mediterranean style mansion with ten bedrooms, five...
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Nov 14, 2012
11/12
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watch for hurricane sandy impact there. also the producer price index. at 10:00, september business inventories are out. at 2:00, it's minutes from the fed's latest meeting. lots of earnings to hear from. abercrombie & fitch, staples and tyco all report results before the open. >>> we'll take a short break. washington is trying to fix america's fiscal crisis once and for all. >> so how will the cliffhanger play snout we'll discuss when we come back. also we'll get the bank of england's inflation report. mervin king is due to sit down at his desk any minute now. >>> welcome back to "worldwide exchange." >> these are your headlines today from around the world. >> the transition of china's top brass is under way as jintao steps aside as communist party leader. the new central committee will name the politburo's inner circle tomorrow. >> cisco posted better than expected first quarter numbers. >> italy on track to meet its funding needs for 2012. rome auction s 3.5 billion euro. >> you're watching "worldwide exchange," bringing you business news from around
watch for hurricane sandy impact there. also the producer price index. at 10:00, september business inventories are out. at 2:00, it's minutes from the fed's latest meeting. lots of earnings to hear from. abercrombie & fitch, staples and tyco all report results before the open. >>> we'll take a short break. washington is trying to fix america's fiscal crisis once and for all. >> so how will the cliffhanger play snout we'll discuss when we come back. also we'll get the bank of...
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Nov 27, 2012
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consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would solve problems we have in america and people have no idea that general low income americans have no idea i would suggest that the fiscal cliff is on its way. no wonder they are out there spending money. no wonder. >> i wouldn't make a distinction between what low income americans or high income americans know less than anyone around the scale. on the other hand, simon, it may be that people think they'll solve this problem and it's not going to affect them given the pledge by the president not to allow the tax increases and spending cuts to hit people $250,000 and below. that's a distinct possibility. i would also p
consumer column here and, simon, i think right now things are changing and we remain to see the effects of sandy on the data. >> let me return to this subject of why the consumer remains so strong. do you think the average american is aware of what the fiscal cliff is when you look at the numbers that watch television news or read newspapers and the degree to which they may not have spoken about that subject during the election campaign and most people thought by taxing rich we would...
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Nov 15, 2012
11/12
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this is where the spth touring some of the damage of hurricane sandy. at the microphones there you can see the governor cuomo making remarks, mayor bloomberg there and the president over his shoulder waiting. let's listen in. >> tens of thousands saw their homes damaged or destroyed. communities from statey island to far rockaway to linden hurst were devastated and 17 days ago we felt a new vulnerability for the first time. we have much to do. there is no doubt. we must provide shelter and support in the short term. we must repair thousands of homes and small businesses. we must reknit the fabric of tattered communities. we must rethink and redesign for the long term because extreme weather as we have learned is the new normal. but we are new yorkers, mr. president. we are tough. and we are resilient. and we will overcome and
this is where the spth touring some of the damage of hurricane sandy. at the microphones there you can see the governor cuomo making remarks, mayor bloomberg there and the president over his shoulder waiting. let's listen in. >> tens of thousands saw their homes damaged or destroyed. communities from statey island to far rockaway to linden hurst were devastated and 17 days ago we felt a new vulnerability for the first time. we have much to do. there is no doubt. we must provide shelter...
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Nov 12, 2012
11/12
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many collected winter coats for these hit hardest by superstorm sandy. it was a beautiful day in atlanta for saturday's parade. people of all ages lined the streets and waved their flags to salute freedom. at arlington national cemetery, president obama laid a wreath at the tomb of the unknowns and then met with families who lost loved ones in the iraq and afghanistan wars. >>> some lawmakers are outraged that the fbi left them in the dark about its investigation into general david petraeus' extramarital affair. new york congressman peter king talked with cnn's candy crowley today. >> it seems this has gone on for several months and now it appears they're saying the fbi didn't realize until election day that general petraeus was involved. it just doesn't add up. >> petraeus resigned from his post as cia director after his affair with his by og gra fer paula broadwell went public two days ago. much more on the investigation in a few minutes on cnn. >>> a bipartisan plan for immigration reform appears to be in the work. charles schumer and lindsay graham s
many collected winter coats for these hit hardest by superstorm sandy. it was a beautiful day in atlanta for saturday's parade. people of all ages lined the streets and waved their flags to salute freedom. at arlington national cemetery, president obama laid a wreath at the tomb of the unknowns and then met with families who lost loved ones in the iraq and afghanistan wars. >>> some lawmakers are outraged that the fbi left them in the dark about its investigation into general david...
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jeff, to what extent can we link climate change to hurricane sandy? what would be the fairest way to describe it? >> one thing we can start with is the ocean level has risen and the earn seaboard by almost a foot during the past century, and that means that storm surges are all the more extreme. the flooding was made worse by that and the sea level keeps rising and it keeps rising because of the glaciers melting and the ice thinning and the risk of massive increase of ocean levels are very, very real. so that's one very clear part of human-induced long-term climate change during the past century. whether the particular storm, this extraordinary storm, a tropical storm hooking up to this arctic storm and creating such damage on a long swath, that the hurricanol hurricanolo thifrp thinking about it. >> clearly not. they're not tinking of how to stop it hour to be adaptive. we've not ben doing what we need do. we're not doing our homework. when the engineers look at this in the united states, the infrastructure specialists, they're aghast and they've bee
jeff, to what extent can we link climate change to hurricane sandy? what would be the fairest way to describe it? >> one thing we can start with is the ocean level has risen and the earn seaboard by almost a foot during the past century, and that means that storm surges are all the more extreme. the flooding was made worse by that and the sea level keeps rising and it keeps rising because of the glaciers melting and the ice thinning and the risk of massive increase of ocean levels are...
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the death toll from sandy continues to rise. we now know that at least 41 new yorkers have perished. as i cautioned yesterday, as rescue and recovery efforts continue, there could be more fatalities that are discovered. we are getting to the point where we think we've been through every place, but you can never be 100% sure. yesterday, as i'm sure you heard, first responders recovered the bodies of little brandon and connor moore of staten island. brandon was 2 years old, and connor was 4. they were swept away from their mother's arms by the force of sandy's storm surge, and it just breaks your heart to even think about it. as a father, i cannot imagine the pain and anguish the boys' parents are suffering. their father, damien, is a city sanitation worker. at the time of the tragedy he was on the job helping our city respond to the storm. i did talk to him this morning and expressed as a parent my deepest sympathies. there's nothing you can ever say to a parent who has lost a child other than you're praying for them, you're pray
the death toll from sandy continues to rise. we now know that at least 41 new yorkers have perished. as i cautioned yesterday, as rescue and recovery efforts continue, there could be more fatalities that are discovered. we are getting to the point where we think we've been through every place, but you can never be 100% sure. yesterday, as i'm sure you heard, first responders recovered the bodies of little brandon and connor moore of staten island. brandon was 2 years old, and connor was 4. they...
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Nov 11, 2012
11/12
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CNN
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jeff, let me start by asking you, to what extent can we link climate change to hurricane sandy? what would be the fairest way to describe it? >> well, one thing we can start with is the ocean level has risen in the eastern seaboard by almost a foot during the past century. and that means that storm surges are all the more extreme. the flooding, which was so destructive, is made worse by that. and the ocean surface, sea level keeps rising. and it's rising because of the glaciers melting, the ice sheets thinning, and the risks of massive increase of ocean levels are very, very real. so that's one very clear part of human-induced long-term climate change during the past century. whether the particular storm, this extraordinary storm, a tropical storm hooking up to this arctic storm and creating such damage on a long swath, that the hurricanologiss are debating and they'll be debating for a while. >> do you think we're thinking enough about how to adapt and make ourselves resilient to these kind of new forces? >> well, clearly not. we're not thinking of either the mitt gailths, how
jeff, let me start by asking you, to what extent can we link climate change to hurricane sandy? what would be the fairest way to describe it? >> well, one thing we can start with is the ocean level has risen in the eastern seaboard by almost a foot during the past century. and that means that storm surges are all the more extreme. the flooding, which was so destructive, is made worse by that. and the ocean surface, sea level keeps rising. and it's rising because of the glaciers melting,...
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sandy is gone, but misery continues as so many devastated. today the death toll climbed to 97 people. staten island neighborhoods swept away. homeland security secretary janet napolitano toured the area, vowing to do everything she could to help. plus, after insisting this sunday's new york city marathon would go on, mayor bloomberg canceled the race. many were outraged the city would take valuable efforts away from the recovery efforts for the marathon. tonight, city hall and race officials have called it off. meanwhile, look at this. cars lined up for miles to get gas. drivers in some cases waiting 20 hours as the supply dwindles, fighting with each other. there's one report that a guy pulled a gun at one gas station. tonight the military is delivering fuel to the disaster zone, sending 24 million gallons of extra gas, a welcome sign. the obama administration is hiring trucks to bring the gas to staging areas. all this is unfolding four days before the general election. president obama and governor romney fighting it out for every last vote
sandy is gone, but misery continues as so many devastated. today the death toll climbed to 97 people. staten island neighborhoods swept away. homeland security secretary janet napolitano toured the area, vowing to do everything she could to help. plus, after insisting this sunday's new york city marathon would go on, mayor bloomberg canceled the race. many were outraged the city would take valuable efforts away from the recovery efforts for the marathon. tonight, city hall and race officials...